Factor Update, June 8, 2024
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Welspun Corp Ltd on Tuesday 4 June announced that its associate company EPIC has signed several contracts worth SAR 1.65 billion, or roughly Rs 3,670 crore with the Saudi Arabian Oil Co. (Aramco) for supplying steel pipes. Welspun Corp stated in an exchange filing that the contracts have a 19-month term and that their financial…
Karim Nejaim, ActivePort CEO, commented: “The number of customers for our software is increasing at pace as a result of the sales team’s hard work over the past four months. We’ve focussed on selling ActivePort to channel partners who onsell it to their customers, and the success of that strategy is beginning to show.” Source…
So oil is still at a relative 10 year low thanks to the fracking supply glut. And it just made me think… there's some good opportunities to be had in the current market. According to Joseph Schumpeter, businesses go in these sorts of cycles. A market grows and booms, and in that boom, many competitors…
I find it useful to look each day at the industries that had the most stocks reaching an ATH. It shows where money managers are buying. Why are utilities leading? Look at this Utilities Sector ETF that reached an ATH on Friday. It had a recent GLB on above average volume. Note how it is…
Sound bite for Twitter and StockTwits is: Dividend Growth Consumer. Results of stock price testing is that the stock price is probably relatively expensive. Debt Ratios show that they have a lot of debt. The Dividend Payout Ratios (DPR) are good. The current dividend yield is low with dividend growth moderate. See my spreadsheet on…
STOCK (FUTURE / CASH / OPTION ) NIFTY (FUTURE / OPTION) BANK NIFTY (FUTURE / OPTION) FUTURE STOCK TIPS: VEDL (DEC. FUT. LOT. 1150) BUY ABOVE 542 TGT 544/546/549 S/L 541 AND SELL BELOW 540 TGT 538/536/533 S/L 541 OIL (DEC. FUT. LOT. 1400) BUY ABOVE 418 TGT 420/422/425…